N26 review: a challenger bank lacking key features

Want to know how fast disruption happens? Look at N26. This Berlin-based challenger bank has been around since 2013, after longtime friends Valentin Stalf and Maximilian Tayenthal co-founded it. Back then, Number 26, as it was then known, was little more than an app interface for Wirecard.

But in 2016, it rebranded to N26, won a banking licence, and became one of the first mobile banks, landing in the UK in 2018. There were early challenges, with a withdrawal-limiting fair-use policy angering German customers, but only a few years on and N26 now has a valuation of $2.7 billion and 3.5 million customers – and is set to add plenty more as it launches in the US, where it is sure to blow the minds of Americans still amazed by contactless payments.

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N26 is now one of the highest valued FinTechs globally

The last few months have been quite the whirlwind for N26 – we’ve celebrated reaching 3.5 million customers worldwidelaunched in the USA and also revamped N26 Black to unveil N26 You. And today, we’re excited to announce our Series D funding extension by $170m to $470m. This is one of the biggest rounds ever raised in Berlin and one of the biggest European ones. We’re now valued at $3.5bn, making us the highest valued German startup. We also rank among the most valuable European startups and the top ten of the most valuable FinTech companies worldwide.

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